Inventory Security

Inventory can only be secure if you know what you have and its value. A good record keeping system is very important. If the items are small and easily portable they are at greater risk of being stolen or lost. If the inventory lacks a company logo or serial number and it is easy to sell it will be at a higher risk.

Placing valuable inventory in a secure area will reduce theft from both employees and customers. Educate your employees about where your inventory is located and how to deal with thieves and shoplifters. Install a video security system to monitor people that have access to your inventory. A well lighted shop and floor layout can help in reducing theft.

Being aware of customers entering your shop, and offering to help a customer if you are suspicious will often prevent a theft. Instead of confronting someone, simply offer to ring them up. If theft occurs, call 911 and do not try to approach a suspected thief.

Employee theft can sometimes be a problem. To prevent this, train staff about disciplinary policies and procedures. Set up procedures to prevent theft. Staff with financial responsibilities should not be in charge of inventory records.

As a U.S Chamber member, when you join or renew at Sam's Club as a Business Plus® Member, you'll receive a $25 gift card (non-Plus new or renewing Members receive a $10 gift card) by December 31, 2014. Click here to access the certificate. For more information, call 888-746-7726.

The materials on this website have been developed for educational purposes only. We urge you to consult with an attorney or benefit consultant to understand your legal obligations under the law. Please contact an attorney or benefit consultant to verify how the law will affect your specific company, benefit offering, and scenario.